The Best Long Bets Made By Major Hedge Funds In 2014

This has not been an easy year for hedge funds. The most popular hedge fund strategy, long/short equity, which usually churns out an above average gain every year, was not a winner this year. HFRX Equity Hedge Index and Event-Driven Index has returned 0.73% and -5.57% YTD, both strategies are a good proxy for judging gains of an average hedge fund trading stocks. Nevertheless, some names in the hedge fund industry still managed to post impressive gains. Here is a look at the stocks that moved hedge fund returns for better this year. Apple marks a winning year for hedge funds After a rather disappointing 2013,…